Germans Thinking About Reducing Their Dependency On China

Why on earth for? It worked great with Russia.

German economy ministry reviews measures to curb China business – Germany’s economy ministry is considering a raft of measures to make business with China less attractive as it seeks to reduce its dependency on Asia’s economic superpower, two people familiar with the matter told Reuters.

The measures could include reducing or even scrapping investment and export guarantees for China and no longer promoting trade fairs and manager training there, those people said. Loans from state lender KfW could be re-directed to projects in other Asian countries, such as Indonesia, in line with attempts to diversify trade and increase business with democracies.

German Of The Day: Existenzielle Bedrohung

That means existential threat. Like: “The existence of many companies is being threatened by the increased prices.”

German companies are supposed to save gas. But the switch to oil, for example, is being held back by bureaucracy and legal uncertainty.

The German government is calling for gas savings, with the Federal Minister of Economics leading the way – and yet, from the point of view of companies, the government is preventing exactly what it is calling for. Several associations say that it is very difficult for companies to obtain approval for retrofits.

German Of The Day: “Schwelle zur Rezession”

That means cusp of recession, as in being on it.

Germany on cusp of recession, says ifo, after business sentiment falls – German business morale fell more than expected in July as high energy prices and impending gas shortages push Europe’s largest economy to the cusp of recession, a survey showed on Monday.

The Ifo institute said its business climax index was 88.6, its lowest level in more than two years. June had also seen an unexpected drop to a downwardly revised reading of 92.2.

Electric Car Man Bad

He’s bringing more jobs to us here in Germany.

When will the horror ever end?

Tesla Submits Application to Expand German Plant – Tesla has submitted an application to build on a further 100 hectares east of its plant in Germany, expanding the site’s area by a third, local newspaper rbb reported on Thursday, citing the local mayor.

The electric carmaker, which already has 300 hectares of land for its auto factory and battery plant under construction, planned to build a freight station, logistics areas and parking spaces on the additional space, Gruenheide mayor Arne Christiani told RBB.

New German Weapons Export Law That Won’t Actually Change Anything Now In The Works

It won’t change anything but it will make us feel good about ourselves.

Compare the weapons export numbers for Germany this year with the numbers this time next year if you don’t believe me. Just have patience. Seen it a dozen times. It’s a recurring, calming ritual Germans like to perform. They seem to believe it reinforces their moral superpower status.

Germany: Baerbock vows new law to curb weapons exports – German Foreign Minister Annalena Baerbock said new weapons export control legislation is in the works. During its last few days in power, Angela Merkel’s administration approved almost €5 billion in arms sales…

Together with the United States, Russia, and France, Germany is one of the world’s biggest arms exporters, according to the Stockholm International Peace Research Institute.

It’s Called Bürokratie

Or bureaucracy, if you prefer. That’s what’s happening to Tesla’s German gigafactory.

Nobody does it better, or worse, than the Germans.

Explainer: What’s happening with Tesla’s $7 billion German ‘gigafactory’?

Next Thursday, July 1, was supposed to be a day of celebration for Tesla: the opening of its self-styled “gigafactory” in the tranquil German municipality of Gruenheide, just outside Berlin.

But thanks to fierce environmental resistance, red tape and planning tweaks it is completely unclear when the first vehicles will roll off the production line of the electric carmaker’s first European factory.

Tesla has already pushed back the expected opening to late 2021. Yet the environmental agency in Brandenburg, the state where the 5.8 billion euro ($6.9 billion) plant is being built, has still not given final approval – meaning a further delay cannot be ruled out, even into 2022.

Everything Is Going As Planned, Tesla

Maybe not as you planned, but still.

This is only the first official delay. The best is yet to come (think Berlin’s BER Airport). You picked the wrong country, Elon.

Tesla’s Berlin gigafactory to be delayed another 6 months: report – The German trade magazine Automobilwoche reported Sunday that production will not begin before the end of January 2022, and that Tesla Chief Executive Elon Musk officially gave approval for the six-month delay.

Can’t Reach The Current Planned Level Of Carbon Emission Reduction?

I know. Let’s introduce an even higher and more unrealistic new level of carbon emission reduction we can’t reach!

Uschi

Then everybody’s happy. Except those folks who still have to live in the real world.

German industry sceptical of EU’s new 2030 climate goals – The European Commission will present today (17 September) detailed proposals to reduce carbon emissions in the EU by 55% below 1990 levels by 2030. While German industry officially welcomes the new ambitions, it is also clearly sceptical.

The increase of the current target for 2030 by a further 15% would mean a roughly fivefold increase in the efforts of the 27 EU member states, BDI President Dieter Kempf emphasised at the beginning of his speech.

And according to BDI calculations, Germany alone would have to invest €2.3 trillion to achieve climate neutrality by 2050. “You can work out who of the other 26 countries can afford to do this. The level of ambition not only differs greatly within the EU, but also globally,” said Kempf.

 

Save The Trees – And The German Automobile Industry!

Too late for the later, I think.

Trees

Germany Promises Elon Musk Whatever He Needs For Tesla Berlin Plant – The factory, under construction, would be Tesla’s first European car plant, and could employ an estimated 12,000 people, making as many as 500,000 cars a year. The factory is slated to start production in summer 2021, an aggressive timetable for a car plant…

Locals have complained that trees were cut down for the factory and that it’s being built in a region with scarce water resources, but construction has progressed relatively smoothly so far.

“We are very proud of your car plant in Brandenburg and we wish you good luck with that. You’ll have every assistance you need.”